Cash Dividend On The Way From Madison Strategic Sector Premium (MSP)

Looking at the universe of stocks we cover at Dividend Channel, on 9/15/14, Madison Strategic Sector Premium ( MSP) will trade ex-dividend, for its quarterly dividend of $0.26, payable on 9/30/14. As a percentage of MSP's recent stock price of $12.84, this dividend works out to approximately 2.02%, so look for shares of Madison Strategic Sector Premium to trade 2.02% lower — all else being equal — when MSP shares open for trading on 9/15/14.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Below is a dividend history chart for MSP, showing historical dividends prior to the most recent $0.26 declared by Madison Strategic Sector Premium:

MSP+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MSP is likely to continue, and whether the current estimated yield of 8.10% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MSP shares, versus its 200 day moving average:

Madison Strategic Sector Premium 200 Day Moving Average Chart

Looking at the chart above, MSP's low point in its 52 week range is $11.52 per share, with $13.00 as the 52 week high point — that compares with a last trade of $12.84.

In Thursday trading, Madison Strategic Sector Premium shares are currently trading flat on the day.

If you liked this article you might like

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tuesday: MSP, ARDC, MCY

3 Stocks Going Ex-Dividend Tomorrow: MSP, HHY, MHI

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: MSP, CMFN, HTR

3 Stocks Going Ex-Dividend Monday: MSP, NNA, EQY

Cash Dividend On The Way From Madison Strategic Sector Premium (MSP)